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DRC: Albert Yuma’s recipe for transforming the country’s potential into material wealth
The DRC is often described abroad as a country blessed by God, a mineral reserve, a geological scandal, all qualifiers that remain theoretical while the population languishes in poverty. How can we leave the theoretical or virtual phase to really experience all this richness? The president of the Federation of Congolese Enterprises (FEC), Albert Yuma, proposes a three-pronged recipe.
According to Albert Yuma, it is possible and more than time for the Congolese people to really enjoy the riches of their country.
First of all. “The outside world, the stranger, must stop putting obstacles in the way. “And “it is up to the Congolese to take their destiny into their own hands“. Albert Yuma believes that the mining sector in the DRC has been managed, prepared and formatted to serve only the outside world.
“Congolese leaders must regain sovereignty over the management of our mines so that they truly benefit the Congolese people and restore their dignity,” he recommends – t – in his hat of the Chairman of the Gécamines Board of Directors.
He remains convinced that these mines are the tool of constraint that we must use abroad.
Second of all. It is necessary to set up, and in a voluntarist way, an autonomous and honest administration. As much as it is necessary to create champions in the private sector, it is also necessary to create champions in the administration. Albert Yuma suggests the creation of what he calls “our own Doing Business.”
“Instead of taking the Doing Business criteria, let us create ourselves, through political will, our political and administrative culture that suits the interests of our economy,” he insisted.
Thirdly. It is imperative to decide to provide the financial means. The President of the FEC is based on the principle that each country, at some point in its history, has benefited from its own resources. And especially that the country has the advantage of having cobalt and the forests of the Congo Basin.
On this subject, Yuma proposes that “the State take control of cobalt to create a sovereign fund based on these revenues and on the fact that it is now the Congo that will decide on the production and export of minerals. This fund will serve as a financial lever to give the State budgetary resources and thus enable it to leave the mining sector and move towards agriculture and others.”
In one year, he argues, the Government could have ten billion dollars for its Budget without turning to the outside world.
#RDC Albert Yuma : « Stop ! Nous allons gérer les mines en regardant les besoins du peuple congolais et en prenant en mains ce que nous avons comme l'outil de contrainte vis-à-vis de l'étranger : nos mines.» | #FEC @Gecamines via @Zoom_eco pic.twitter.com/iV5UK1vWwy
— Eric Tshikuma (@erictshikuma) October 5, 2019
The President of the FEC believes that the proper application of this recipe will help the Congolese people to benefit from the wealth of their country.
Albert Yuma spoke on a special program set during the fifth edition of the Makutano International Forum.
Nadine FULA
breaking news
Dikembe Mutombo, NBA legend, passes away at age 58
The NBA is mourning the loss of one of its greatest defensive icons. Dikembe Mutombo, the former 7-foot-2 center, passed away at the age of 58 due to a brain cancer, as reported by The Athletic on Monday, September 30.
A defensive record-holder
Born in the Democratic Republic of Congo, Mutombo left an indelible mark on the NBA with his exceptional defensive skills. During his career, he won the Defensive Player of the Year award four times (1995, 1997, 1998, 2001), a record he shares with Ben Wallace and Rudy Gobert. Gobert, in achieving this feat, highlighted the legacy Mutombo left on the game.
Drafted in 1991 by the Denver Nuggets, Mutombo went on to play for several notable teams, including the Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks, and finally the Houston Rockets, where he retired in 2009.
A life of commitment beyond basketball
Although Mutombo never won an NBA championship, with two finals losses (in 2001 with the 76ers and 2003 with the Nets), he was inducted into the Hall of Fame in 2015. Beyond his impressive sports career, he dedicated his life to humanitarian efforts, particularly in Africa. He worked tirelessly to develop basketball across the continent and to help those in need.
NBA Commissioner Adam Silver praised his contributions in a statement: “Dikembe dedicated his life to helping others. He was not only a great player but also a global ambassador for basketball and a humanitarian. His commitment to the community, especially in his native Congo, will be forever remembered.”
Mutombo’s legacy continues to inspire generations of players and humanitarians around the world.
ZoomEco
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World: 83% of the non-electrified population live in Africa
Africa is home to 83% of the world’s non-electrified population. A thundering paradox, given the continent’s immense hydroelectric potential.
The continent faces a shortage of affordable, reliable and sustainable energy. A think tank dedicated to the development of long-term public and energy policies points out that this is holding back the momentum of individuals and companies alike.
According to the experts, the pace of electrification needs to triple in order to absorb this deficit, rethink several economic models, and put Africans on the path to prosperity.
Dynamic project vehicles on the move
The World Bank Group has pledged to connect 250 million people to electricity, while the African Development Bank (AfDB) will do the same for a further 50 million.
The World Bank Group’s investments are already providing the impetus needed to reach the target, illustrated in its ambitious “Mission 300” program.
East Africa
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DRC: Egyptian Ambassador Hesham El Mekwad pays a courtesy visit to ANAPI
On Thursday September 25, 2024, Bruno Tshibangu Kabaji, Managing Director of the Agence Nationale pour la Promotion des Investissements (ANAPI), and Hesham El Mekwad, the Egyptian ambassador accredited to the Democratic Republic of Congo, exchanged views on investment and trade issues.
The Egyptian diplomat was accompanied by Adham Thabet, development cooperation advisor at the Embassy of the Arab Republic of Egypt.
Discussions between the two personalities focused in particular on the role of ANAPI as the body responsible for supporting investors in the DRC.
While stressing the need to increase economic and commercial cooperation between Egypt and the DRC, the two parties encouraged Egyptian investors to step up their presence in several fields in the DRC, notably energy, transport, infrastructure and agriculture, fisheries and livestock.
With this in mind, the Egyptian Ambassador expressed the wish to establish regular contacts with ANAPI to support this mutual ambition.
Nadine FULA
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